BTC ~ 13600$
The first point I'm looking at now is the ATH 2017. Just below is the earlier gap made in Dec 2020 (indicated as yellow bar)
So it would be logical to grab these before we see a reaction. Maybe there will be a reaction after this, but it may be that this is not the size we are actually hoping for.
When we're going to drop through I think we can look at the ~$13360/13890 before we can expect a bigger pump. With the reason, and then I leave the mega green daily bear flag aside for a moment.
From the beginning of 2018 until Oct 2020 we seem to have formed a large Cup and Handle (dark blue, with the exception of the ugly wick) with the target of the ATH which we have seen in 2021. However, this C&H line has never been retested.
If I were to call the two 2021 peaks valid as double top (yellow), we would end up with this neckline as a target. This is also the GP of the weekly High Dec 2017 and Low Dec 2018.
MonicaM
So it would be logical to grab these before we see a reaction. Maybe there will be a reaction after this, but it may be that this is not the size we are actually hoping for.
When we're going to drop through I think we can look at the ~$13360/13890 before we can expect a bigger pump. With the reason, and then I leave the mega green daily bear flag aside for a moment.
From the beginning of 2018 until Oct 2020 we seem to have formed a large Cup and Handle (dark blue, with the exception of the ugly wick) with the target of the ATH which we have seen in 2021. However, this C&H line has never been retested.
If I were to call the two 2021 peaks valid as double top (yellow), we would end up with this neckline as a target. This is also the GP of the weekly High Dec 2017 and Low Dec 2018.
MonicaM
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